Aster Capital Management DIFC Ltd Boosts Stock Holdings in Bank of America Corporation $BAC

Aster Capital Management DIFC Ltd lifted its stake in shares of Bank of America Corporation (NYSE:BAC) by 357.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 48,427 shares of the financial services provider’s stock after acquiring an additional 37,832 shares during the quarter. Bank of America comprises approximately 1.3% of Aster Capital Management DIFC Ltd’s holdings, making the stock its 8th largest position. Aster Capital Management DIFC Ltd’s holdings in Bank of America were worth $2,498,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. 1ST Source Bank lifted its holdings in Bank of America by 1.1% in the 3rd quarter. 1ST Source Bank now owns 98,615 shares of the financial services provider’s stock worth $5,088,000 after purchasing an additional 1,094 shares during the last quarter. Handelsbanken Fonder AB grew its holdings in Bank of America by 23.4% during the third quarter. Handelsbanken Fonder AB now owns 3,026,473 shares of the financial services provider’s stock valued at $156,136,000 after purchasing an additional 573,909 shares during the last quarter. Andra AP fonden raised its position in shares of Bank of America by 10.0% in the third quarter. Andra AP fonden now owns 46,200 shares of the financial services provider’s stock valued at $2,383,000 after purchasing an additional 4,200 shares during the period. Artisan Partners Limited Partnership lifted its stake in shares of Bank of America by 2.6% in the third quarter. Artisan Partners Limited Partnership now owns 3,037,943 shares of the financial services provider’s stock worth $156,727,000 after buying an additional 77,688 shares during the last quarter. Finally, Close Asset Management Ltd boosted its holdings in shares of Bank of America by 40.2% during the 3rd quarter. Close Asset Management Ltd now owns 118,584 shares of the financial services provider’s stock worth $6,115,000 after buying an additional 34,000 shares during the period. 70.71% of the stock is owned by institutional investors.

Bank of America Trading Up 1.1%

BAC stock opened at $52.28 on Friday. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.15. The firm has a market cap of $381.77 billion, a P/E ratio of 13.65, a P/E/G ratio of 1.26 and a beta of 1.29. Bank of America Corporation has a 1-year low of $33.06 and a 1-year high of $57.55. The business’s 50 day moving average is $54.02 and its 200-day moving average is $52.38.

Bank of America (NYSE:BAC) last announced its quarterly earnings results on Wednesday, January 14th. The financial services provider reported $0.98 EPS for the quarter, beating the consensus estimate of $0.96 by $0.02. Bank of America had a return on equity of 11.07% and a net margin of 16.23%.The business had revenue of $4.53 billion for the quarter, compared to analyst estimates of $27.73 billion. During the same quarter in the previous year, the firm earned $0.82 EPS. Bank of America’s quarterly revenue was up 12.3% on a year-over-year basis. Equities analysts anticipate that Bank of America Corporation will post 3.7 earnings per share for the current fiscal year.

Bank of America Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 6th will be given a dividend of $0.28 per share. The ex-dividend date is Friday, March 6th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.1%. Bank of America’s dividend payout ratio (DPR) is 29.24%.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. CICC Research started coverage on shares of Bank of America in a report on Wednesday, January 14th. They issued an “outperform” rating and a $62.00 target price on the stock. JPMorgan Chase & Co. lifted their price objective on Bank of America from $58.00 to $61.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 6th. Royal Bank Of Canada boosted their price objective on Bank of America from $56.00 to $59.00 and gave the stock an “outperform” rating in a research report on Friday, December 12th. Evercore set a $59.00 target price on Bank of America in a report on Thursday, January 15th. Finally, Oppenheimer upped their price target on Bank of America from $55.00 to $63.00 and gave the stock an “outperform” rating in a report on Thursday, December 18th. Twenty-two investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $60.30.

Bank of America News Summary

Here are the key news stories impacting Bank of America this week:

• Positive Sentiment: Hedge funds and analysts are bullish on BAC: it ranks among the top bank picks for hedge funds and showed a highly bullish sentiment as of Feb. 23; coverage includes 19 analysts with 15 Buys and 4 Holds — a near-consensus buy bias that can drive demand. Here is Why Bank of America Corporation (BAC) is Highly Favored By Hedge Funds
• Positive Sentiment: Market-focused coverage notes BAC is outpacing broader market gains today, reinforcing momentum trading and short-term inflows into the stock. Bank of America (BAC) Outpaces Stock Market Gains: What You Should Know
• Positive Sentiment: BofA announced nearly $40M invested in U.S. workforce development (2025 programs), a publicity/ESG win that can support customer relationships and community ties — constructive for reputation and long-term deposit/consumer franchise. BofA Invests Nearly $40 Million into American Workforce Skills in 2025
• Neutral Sentiment: Analyst-comparison pieces highlight BAC’s relative upside vs. Wells Fargo driven by earnings growth, investment banking momentum and valuation — useful context for longer-term investors but not an immediate catalyst. Bank of America or Wells Fargo: Which Big Bank Offers More Upside?
• Neutral Sentiment: Corporate housekeeping: BofA filed its latest Form 10‑K with the U.K. National Storage Mechanism — a regulatory filing of record with no new operating implications. Bank of America Files Latest Form 10-K with U.K. National Storage Mechanism

Bank of America Profile

Bank of America Corporation is a multinational financial services company headquartered in Charlotte, North Carolina. It provides a broad array of banking, investment, asset management and related financial and risk management products and services to individual consumers, small- and middle-market businesses, large corporations, governments and institutional investors. The firm operates through consumer banking, global wealth and investment management, global banking and markets businesses, offering capabilities across lending, deposits, payments, advisory and capital markets.

Its consumer-facing offerings include checking and savings accounts, mortgages, home equity lending, auto loans, credit cards and small business banking, supported by a nationwide branch network and digital channels.